Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC – Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $176.34 and last traded at $176.26, with a volume of 138977 shares trading hands. The stock had previously closed at $174.32.
Fidelity MSCI Information Technology Index ETF Price Performance
The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 37.14 and a beta of 1.41. The stock’s fifty day simple moving average is $161.50 and its two-hundred day simple moving average is $153.95.
Institutional Trading of Fidelity MSCI Information Technology Index ETF
A number of large investors have recently modified their holdings of FTEC. FMR LLC grew its position in Fidelity MSCI Information Technology Index ETF by 3.8% in the 3rd quarter. FMR LLC now owns 112,403 shares of the company’s stock valued at $13,818,000 after buying an additional 4,083 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $96,000. Baker Avenue Asset Management LP grew its position in Fidelity MSCI Information Technology Index ETF by 11.7% in the 3rd quarter. Baker Avenue Asset Management LP now owns 9,536 shares of the company’s stock valued at $1,172,000 after buying an additional 1,000 shares in the last quarter. Essex Financial Services Inc. grew its position in Fidelity MSCI Information Technology Index ETF by 9.9% in the 3rd quarter. Essex Financial Services Inc. now owns 3,552 shares of the company’s stock valued at $437,000 after buying an additional 319 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new position in Fidelity MSCI Information Technology Index ETF in the 3rd quarter valued at about $370,000.
About Fidelity MSCI Information Technology Index ETF
The Fidelity MSCI Information Technology Index ETF (FTEC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market-cap-weighted index of stocks in the broad US information technology sector. FTEC was launched on Oct 21, 2013 and is managed by Fidelity.
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